The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elimath Advisors Pvt Ltd
SOFTTECH · price
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Elimath Advisors Pvt Ltd, a non-promoter shareholder, sold its entire stake of 22,46,998 equity shares (16.23% of total share capital) in SoftTech Engineers Limited on May 7, 2026 through open market sale. The transaction was conducted in the ordinary course of market trading. Prior to the sale, Elimath held 16.23% of the company's voting capital; after the sale, their holding reduced to zero. The company's total share capital remains unchanged at Rs. 13.84 crore comprising 1,38,42,138 equity shares. Elimath Advisors is owned by Mathew Cyriac and explicitly stated it does not belong to the promoter/promoter group.
A significant 16.23% block sale by a substantial shareholder (though non-promoter) in the open market could create negative sentiment as it signals exit by a large investor, potentially exerting downward pressure on the stock price in the short term.